What the Latest Data Tell Us About the Fed’s Economic Assessments

By

Andrew T. Levin

Jan 5, 2016 5:41 am ET

When the Federal Reserve announced in mid-December that it would begin raising short-term interest rates, Fed officials characterized domestic spending as “solid” and the risks to economic growth as “balanced.” They also said they were “reasonably confident” that inflation would move back up to the Fed’s 2% target over the next several years.